The four-firm concentration ratio in an industry is 80 percent . Total sales in...
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The four-firm concentration ratio in an industry is 80 percent. Total sales in the industry are $870 million and total economic profit in the industry is $610 million
. Normal profit for each firm is zero.
From this information we know that total sales from the four largest firms is
$ million.Want instant access to all verified answers on moodle.uleth.ca?
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